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Sep 26, 2013
09/13
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WMPT
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realtors already warn that august home sales might be the last hurrah and it appears they might have been right. >> reporter: fewer americans buying homes, facing higher credit rates, tight credit and skyrocketing home prices. >> the buyers out in the market might have felt pressure to go ahead and make a decision on a home purchase and see it throw completion sooner. >> reporter: that may have pulled sales forward as the realtors warned just last week. they said they could tell from agent lock box at listings in august that fewer potential buyers had been coming through. some say that's actually a good thing. >> the pause in the market is going to sustain the recovery cycle in the long-term because some of the metros that we're attracting, showing some very frothy price jumps over the past year. and this will kind of slow that down. >> reporter: prices have been rising steadily in the year, up over 12% from july a year ago according to recent reports. usually home prices rise due to home demand, but right now they're rising more because there's so little for sale. sales of newly bui
realtors already warn that august home sales might be the last hurrah and it appears they might have been right. >> reporter: fewer americans buying homes, facing higher credit rates, tight credit and skyrocketing home prices. >> the buyers out in the market might have felt pressure to go ahead and make a decision on a home purchase and see it throw completion sooner. >> reporter: that may have pulled sales forward as the realtors warned just last week. they said they could...
SFGTV2: San Francisco Government Television
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51
Sep 29, 2013
09/13
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SFGTV2
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well it wasn't because realtors weren't trying to sell the land. everybody thought san francisco would expand eventually. all of these real estate guys were trying to sell lots and nobody was buying. it was cold, foggy. there was no good transportation. it just wasn't a good buy. but then one of these real estate guys, who owned a couple of blocks just south of sutro, saw these cars lining up and saw the popularity of them. he decided, well, if you can't beat them, join them. so he made a little deal. he bought 50 old cars, dragged them out to his land just south of sutro in the sanddo you knows. and he said, if you buy a lot from me, $35 up front, $7.50 a month, i'll toss in two cars. so you can pretty much move in today. it's like a starter home. and it kind of helped get attention to the whole thing. he built what he called novel seaside cottages. so this is one of his novel seaside cottages where he basically elevated these cars to a second story. here's one in construction. and off on the right there is his little real estate office, in anothe
well it wasn't because realtors weren't trying to sell the land. everybody thought san francisco would expand eventually. all of these real estate guys were trying to sell lots and nobody was buying. it was cold, foggy. there was no good transportation. it just wasn't a good buy. but then one of these real estate guys, who owned a couple of blocks just south of sutro, saw these cars lining up and saw the popularity of them. he decided, well, if you can't beat them, join them. so he made a...
SFGTV2: San Francisco Government Television
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42
Sep 16, 2013
09/13
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SFGTV2
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eye 42
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if there is a house that has everything they want and you take the value frathe realtor plus the cost and hassle of the construction. if your existing house plus the cost of a remodel is the same as a house you can buy i recommend you go buy another house. it's a very stressful process. the costs only go up. have you to make more decisions than you can imagine. and it's stressful, there's dry rot discovered. pipes in the wrong place. all these drive the price up. at that point when you have that information, this is going to cost around so many dollars, that's when you should look around and see is there another way to get what we want? if you are completely a wed to your house and not going to move and the numbers make sense then you move ahead. that's a good time to evaluate the project and see if it makes sense. >> that's great. that's a terrific approach. it also let's you know what you are getting. what your value is you are adding to your house. looking beyond the scope of your own? >> i lost a lot of jobs that way. >> [laughter]. >> i have a little note about how not to save mo
if there is a house that has everything they want and you take the value frathe realtor plus the cost and hassle of the construction. if your existing house plus the cost of a remodel is the same as a house you can buy i recommend you go buy another house. it's a very stressful process. the costs only go up. have you to make more decisions than you can imagine. and it's stressful, there's dry rot discovered. pipes in the wrong place. all these drive the price up. at that point when you have...
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87
Sep 13, 2013
09/13
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KGO
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eye 87
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. >> realtors say suspect home prices to go up in and around noe valley often called northern tip of silicon valley. the dailies have been looking for a home but so far, no luck. >> it's frustrating and hard. there is so much competition. we need to spend all cash on a house that, is hard and a lot of money. >> realtors say expect the situation to get worse for home buyers now that twitter ask expected to go public. facebook went public many of the new millionaires bought homes in noe valley and liberty hill. realtors expect the same thing after twitter ipo. >> there is pent up demand for other buyer who's haven't been able to purchase. if you add people in there, yeah well. expect it is to drive our real estate market. >> this fixer upper was listed last month at $1.4 million. it sold for $800,000 over asking. at twitter headquarters, employees kept mum, but in the neighborhood reaction is mixed about the anticipated influx of millionaires. the mission district has seen much again tri fiction. >> it concerns me the flavor of the neighborhood changes a little witness. i don't know. c
. >> realtors say suspect home prices to go up in and around noe valley often called northern tip of silicon valley. the dailies have been looking for a home but so far, no luck. >> it's frustrating and hard. there is so much competition. we need to spend all cash on a house that, is hard and a lot of money. >> realtors say expect the situation to get worse for home buyers now that twitter ask expected to go public. facebook went public many of the new millionaires bought...
SFGTV: San Francisco Government Television
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39
Sep 2, 2013
09/13
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SFGTV
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eye 39
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to work with the small business owners and to provide them incentives through dollars to make in a realtor. from the attained for many, many years we've been trying to attract a large service grocery shore and have not be able to do that but if we work with the small businesses and try to help them shift their sales from tobacco but to help them model selling healthy foods. i'm really proud to support this legislation and want to appreciate everyone that was involved >> supervisor mar. >> yeah. things supervisor kim. i want to say how inspiring that was to work with the supervisors in that district. or the youth of vietnamese youth center their collaborative in supporting the small businesses. one of the most spierg piece ofs legislation because of the bottom-up legislation groups and also the people who support the intends it's been a great learning experience to learn from our grassroots folks from the city. thank you >> colleagues can we take a roll call vote on this item? (calling names). >> >> ordinance is passed think is first reading . >> from sixth street subject to specified findi
to work with the small business owners and to provide them incentives through dollars to make in a realtor. from the attained for many, many years we've been trying to attract a large service grocery shore and have not be able to do that but if we work with the small businesses and try to help them shift their sales from tobacco but to help them model selling healthy foods. i'm really proud to support this legislation and want to appreciate everyone that was involved >> supervisor mar....
SFGTV2: San Francisco Government Television
51
51
Sep 21, 2013
09/13
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SFGTV2
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eye 51
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well, now that our new vision of san francisco is becoming a realtor we should look at the developments to come. we've got plans that will reshape downtown with the central corridor plan. this plan seeks to include growth along the subway to this new important transit line. two transformational projects are already fitting so what this vision. the first is 5 m at the fifth and a mission streets it had been a high tech canvas with a focus on arts and it will - the intersections for the arts and tech shop and yahoo. next, of course, is the expansion of moscone center it's the key place for our tourism economy. the city has taken on this project with creating more space and more thanizing the building it will address much need public safety. did i mention we're keeping moscone in continues operation during the construction. well, the city is engaged in creating a new violation for our waterfront. 3 partnerships are focusing this discussion each looking at to recognize the project. pier 70 this is a 69 acre property in the dog patch neighborhood. it's operated a shipyard since the spanish a
well, now that our new vision of san francisco is becoming a realtor we should look at the developments to come. we've got plans that will reshape downtown with the central corridor plan. this plan seeks to include growth along the subway to this new important transit line. two transformational projects are already fitting so what this vision. the first is 5 m at the fifth and a mission streets it had been a high tech canvas with a focus on arts and it will - the intersections for the arts and...
70
70
Sep 25, 2013
09/13
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ALJAZAM
tv
eye 70
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i understand that las vegas realtors a year ago were closing 4600 homes a month, and now we're down to about 3600. >> yeah, what happened a year ago, all of the investors came in and bought the houses and rented them. now that that's the that that has increased, there are actual hedge funds buying large groups of houses, i think they have mainly left the city. >> and we have been following that story, a lot of them are in georgia. there are these patches of renter nation going on across the country. when you have buyers do they need to be cash buyers or are people getting loans? >>, you know, there are a lot of cash buyers that are not investors, but i love the comparison of interest rate at 4.5. when i bought my first home in '77 in new york, my interest rate with perfect credit was 8.5. so your buying power at 4.5 is still so great that yes, the american dream of owning your own home is still intact in the united states. >> i wish you the best of luck out there. i really do hope nevada november -- i hope people are able to stay in their homes. >>> let's get a broader view of what is
i understand that las vegas realtors a year ago were closing 4600 homes a month, and now we're down to about 3600. >> yeah, what happened a year ago, all of the investors came in and bought the houses and rented them. now that that's the that that has increased, there are actual hedge funds buying large groups of houses, i think they have mainly left the city. >> and we have been following that story, a lot of them are in georgia. there are these patches of renter nation going on...
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151
Sep 13, 2013
09/13
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KPIX
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eye 151
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he said there is realsters offering big -- realtors offering for them oo sell -- to sell properties. >> a lot of people have deep roots in the neighborhood -- web tells us he means business. >> reporter: the governor doesn't like it, now this lawsuit aims to keep willie brown's name off the bridge. >> i can see that. something tells me it is just the way. >> cool guy. but i don't know. where is the lisa bridge? >> the western bay bridge named after willie brown, jr. former san francisco mayor, brown himself seemed flattered by the gesture and unphased by critics. >> they are running around, take thoughts. >> reporter: do you have something against willie brown? >> it could have been named after you. >> at some point people have to say no to all the private special interest activities. >> like the new name or not, willie brown in the spotlight always seem to find each other, even on a bridge. >> an aconnic place like the bridge named after an african american in the state of california is earth shaking. >> reporter: this lawsuit won't be in front of a judge till february. live in san
he said there is realsters offering big -- realtors offering for them oo sell -- to sell properties. >> a lot of people have deep roots in the neighborhood -- web tells us he means business. >> reporter: the governor doesn't like it, now this lawsuit aims to keep willie brown's name off the bridge. >> i can see that. something tells me it is just the way. >> cool guy. but i don't know. where is the lisa bridge? >> the western bay bridge named after willie brown,...
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136
Sep 1, 2013
09/13
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ALJAZAM
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eye 136
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. >> shari l i have a r is a local realtor. >> hedge funds are realizing our margaret is going from what they refer to as an owner nation on a repeater nation. so the rental market is huge. >> en though the housing market is improving a new morgan stanley report says homeowners who have defaulted on their mortgage will likely have no choice but to rent. that will likely result in, quote, moving the country towards a rentership society. >> the institutional investor presence is led by three large groups that appear to have pulled away from the pack. first is blackstone's invitation homes. second, american homes for rent, which recent ipoed. and, third, colony american homes. >> big investors are pooling some of these homes into so-called real estate investment trusts or riets popular for investing in real estate and trade on the stock exchange. blackstone, which is nots a riet buys under the name "invitation homes," the largest firm in the game owning 30,000 homes. >> blackstone, in atlanta, has purchased over 8,000 houses. >> local broker david hunt says the institutional invest are chan
. >> shari l i have a r is a local realtor. >> hedge funds are realizing our margaret is going from what they refer to as an owner nation on a repeater nation. so the rental market is huge. >> en though the housing market is improving a new morgan stanley report says homeowners who have defaulted on their mortgage will likely have no choice but to rent. that will likely result in, quote, moving the country towards a rentership society. >> the institutional investor...
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Sep 13, 2013
09/13
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KBCW
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eye 344
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there's an onslaught of realtors offering big bucks for mom and pop owners to sell their property. >> i don't think it's right for people to be forced or manipulated. a lot of people have deep roots and don't want to sell. so when there's this constant approach from these brokers, it's harassment. >> reporter: i made repeated calls and sent several e-mails to the archdiocese, so far no comment. reporting live in the mission. >>> looks like an early victory for rich man. a judge said today he will toss out ayla suit that would have stopped the city from using eminent domain to take over homes with underwater mortgages. less than 24 hours after the city council approved the imminent domain plan, today two banks asked the federal judge for an immediate injunction. the judge indicated the request was premature, since richman's plan includes more actions that haven't taken place yet. >>> new bridge, new problem. we've heard from a lot of people who don't think naming the bay bridge after willie brown is such a good idea. but most of them kind of shrug it off. brian webb tells us one guy me
there's an onslaught of realtors offering big bucks for mom and pop owners to sell their property. >> i don't think it's right for people to be forced or manipulated. a lot of people have deep roots and don't want to sell. so when there's this constant approach from these brokers, it's harassment. >> reporter: i made repeated calls and sent several e-mails to the archdiocese, so far no comment. reporting live in the mission. >>> looks like an early victory for rich man. a...
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248
Sep 14, 2013
09/13
by
FOXNEWS
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eye 248
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they have both parties in congress, it's hard for them to resist the home builders, the realtors, the mortgage brokers, the panoply of lobbyists. >> they're strong. it is shocking to think five years later the government is standing behind more of the mortgage market. >> is that 90%? >> of the market. >> remember, the only government could create a problem like 2008 where normally there is a pricing mechanism. there is a diversity investments. investors, sure, they're prone to irrational exuberance, but there is a lot of options in the market. government says housing, housing, housing, incentives for individuals, for investment banks, for everyone for the get into this market. that's one of the reasons the price was so difficult to deal with. >> the biggest reform was dodd-frank, it was operated on the premise that the regulators who missed the last crisis, not to mention all previous crises will be so much smarter with new power that they'll predict the next one. that's the premise. >> yeah. >> they have more power. >> yep. >> but is it likely to happen? >> i don't think it's likely
they have both parties in congress, it's hard for them to resist the home builders, the realtors, the mortgage brokers, the panoply of lobbyists. >> they're strong. it is shocking to think five years later the government is standing behind more of the mortgage market. >> is that 90%? >> of the market. >> remember, the only government could create a problem like 2008 where normally there is a pricing mechanism. there is a diversity investments. investors, sure, they're...
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259
Sep 13, 2013
09/13
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KPIX
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eye 259
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realtors in the bay area. wealthy foreign buyers are snatching up hot propertiesn palo alto. >>> business is booming for realtors in the bay area. wealthy foreign buyers are snatching up hot properties in palo alto. >> len ramirez shows us their high-end house hunting experience comes complete with luxury limo service. >>> reporter: when it comes to selling real estate in palo alto it now pays to speak chinese. from shanghai to hong kong, interest in palo alto's priciest neighborhoods is soaring and that has real estate brokers doubling down on new ways to capitalize. here it's all aboard what could be a marketing master stroke mercedes-benzes style . he invested $100,000 into the luxury bus specifically to drive around and show properties to wealthy foreigners four and five families at a time. >> people who are used to the finer things in life so they are not going to want to go out in a cheap refurbished toolbox. >> reporter: the company takes reservations for weekend selling excursions to exclusive neighbor
realtors in the bay area. wealthy foreign buyers are snatching up hot propertiesn palo alto. >>> business is booming for realtors in the bay area. wealthy foreign buyers are snatching up hot properties in palo alto. >> len ramirez shows us their high-end house hunting experience comes complete with luxury limo service. >>> reporter: when it comes to selling real estate in palo alto it now pays to speak chinese. from shanghai to hong kong, interest in palo alto's priciest...
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349
Sep 15, 2013
09/13
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FOXNEWS
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eye 349
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tentacles on both parties in congress and that's very hard for them to exist, the home builders, the realtors, the mortgage brokers, the whole panoply. >> they're very strong. it is shocking to think five years later, the government is actually standing behind more of the mortgage market, after that -- >> what, about 90%. >> about 90% of all new mortgages. and you remember, only government could really create a problem like 2008, where normally there's a pricing mechanism. a diversity of investments. investors, sure, they're prone to irrational exuberance, but there's a lot of options in the market. it's only when government says, housing, housing, housing, for individuals, for investment banks, for everyone to get into this market. and that's one of the reasons the crisis was so difficult to deal with. >> the big reform was dodd/frank. it operated on the premise that the regulators who missed the last crisis, not to mention all previous crisis, will be so much smarter with new power that they'll predict the next one. that's the premise. it's -- and they have more power. but likely to happen?
tentacles on both parties in congress and that's very hard for them to exist, the home builders, the realtors, the mortgage brokers, the whole panoply. >> they're very strong. it is shocking to think five years later, the government is actually standing behind more of the mortgage market, after that -- >> what, about 90%. >> about 90% of all new mortgages. and you remember, only government could really create a problem like 2008, where normally there's a pricing mechanism. a...
478
478
Sep 14, 2013
09/13
by
KGO
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eye 478
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. >> local realtors are looking their -- licking their chops at the prospect of twitter going public tweeting it's filed for an initial public stock offering. analysts estimating twitter is worth between $15 billion and $20 billion and going public will make many employees, of course, instant millionaires. >> it's pretty simple. saying expect the crazy real estate market to get crazier. it's only 1500 square feet but it does have a fabulous view. this property sold for $2.2 million. realitiors say expect the market to become more competitive new that twitter is going public. the neighborhoods are popular among tech crowd. >> there is pent up demand from other buyers and if you add twitter people, we expect it to drive the market for months, if not years to come. >> this is bad news for home buyers looking for a home in san francisco five months and hoping to find a place before that twitter money starts flowing. >> i'd like to. i'm looking for a house now. anyone would be start to get into n.as soon as possible. it's likely to keep going up. >> people in the mission have plenty to sa
. >> local realtors are looking their -- licking their chops at the prospect of twitter going public tweeting it's filed for an initial public stock offering. analysts estimating twitter is worth between $15 billion and $20 billion and going public will make many employees, of course, instant millionaires. >> it's pretty simple. saying expect the crazy real estate market to get crazier. it's only 1500 square feet but it does have a fabulous view. this property sold for $2.2 million....
78
78
Sep 27, 2013
09/13
by
KTVU
tv
eye 78
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. >>> the national association of realtors, said that penduluming home sales -- penduluming -- pending home sales were down. the tight supply of homes could be a factor. the mortgage rates have pulled back a little, they're at the lowest level in two months. it dropped to 4.32%. >>> new at 5:00, we're getting the first look at the california website, that people will use for healthcare in days. the one big question that's still out there. >> many of the poor, and uninsured in san francisco are covered under the city's health insurance program. those people will be shifted over, and today, as you said, we got a new look at that website that launches next week, to give us a better idea of what it's like to enroll. he's a full-time student, who can't afford the traditional insurance. >> i have an issue with my knee. >> show me your knee. >> he's covered under san francisco's program. but he'll shift to the new covered california. >> it'll be better for me. >> it's aimed at making choosing insurance easy. >> a lot of times the patients are asking us, when i do qualify for this one or this
. >>> the national association of realtors, said that penduluming home sales -- penduluming -- pending home sales were down. the tight supply of homes could be a factor. the mortgage rates have pulled back a little, they're at the lowest level in two months. it dropped to 4.32%. >>> new at 5:00, we're getting the first look at the california website, that people will use for healthcare in days. the one big question that's still out there. >> many of the poor, and...
149
149
Sep 14, 2013
09/13
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KOFY
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eye 149
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. >> realtor say get situation over wires and facebook may of 2012 bought new he ville waition and same thing after 20th 0. >> all pen up demand and if you add the twitter people in there we expect that the drive of real estate market for months if not years to come. >> here's how get activity market is now. 2 unit open liberty hill list willed at 1.4 million yochbilitys it sold for 2.2 million. 800,000 dollars over asking. market street if san francisco employee kept mum about the i p o filing but in the neighborhood we reaction is mixed about the anticipated i hope flux of millionaire. mission district has already seen much fan impact. >> nravr of the neighborhood changes a little bit. i don't know it changes how how people live here see it. >> considering when i first novd san francisco experiencing an economic downturn in the early 2000 would i rather see money than people without money here. >> morbiding war and too familiar scene in san francisco. 7 news. >> still to come on 7 news at 9:00. situation in colorado is dire tonight. death destruction rescue across the state. 2 women s
. >> realtor say get situation over wires and facebook may of 2012 bought new he ville waition and same thing after 20th 0. >> all pen up demand and if you add the twitter people in there we expect that the drive of real estate market for months if not years to come. >> here's how get activity market is now. 2 unit open liberty hill list willed at 1.4 million yochbilitys it sold for 2.2 million. 800,000 dollars over asking. market street if san francisco employee kept mum...
157
157
Sep 14, 2013
09/13
by
KOFY
tv
eye 157
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. >> local realtors are looking their -- licking their chops at the prospect of twitter going public tweeting it's filed for an initial public stock offering. analysts estimating twitter is worth between $15 billion and $20 billion and going public will make many employees, of course, instant millionaires. >> it's pretty simple. saying expect the crazy real estate market to get crazier. it's only 1500 square feet but it does have a fabulous view. this property sold for $2.2 million. realitiors say expect the market to become more competitive new that twitter is going public. the neighborhoods are popular among tech crowd. >> there is pent up demand from other buyers and if you add twitter people, we expect it to drive the market for months, if not years to come. >> this is bad news for home buyers looking for a home in san francisco five months and hoping to find a place before that twitter money starts flowing. >> i'd like to. i'm looking for a house now. anyone would be start to get into n.as soon as possible. it's likely to keep going up. >> people in the mission have plenty to sa
. >> local realtors are looking their -- licking their chops at the prospect of twitter going public tweeting it's filed for an initial public stock offering. analysts estimating twitter is worth between $15 billion and $20 billion and going public will make many employees, of course, instant millionaires. >> it's pretty simple. saying expect the crazy real estate market to get crazier. it's only 1500 square feet but it does have a fabulous view. this property sold for $2.2 million....
141
141
Sep 20, 2013
09/13
by
KPIX
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eye 141
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the national association of realtors said that's 13% higher than a year ago and the highest level in more than six years. the average price for a single-family home is now $212,000, 14% higher than a year ago. >>> falling mortgage rates could help push those sales. the average 30-year loan has fallen to 4.5% and more homeowners are making their mortgage payments on time. the credit reporting agency transunion says the late payment rate in 2009 was almost 4% but last year it improved to just under 2%. >>> and more women are joining the work force, but they're getting low paying jobs like waitresses, in-home health care, and housekeeping. according to a study by the national women's law center from 2009 to 2012, 60% of women got jobs that paid $10 an hour or less. anne-marie? >> good news, a little not so good news. >> exactly. >> wendy gillette here in new york. thanks very much, wendy. >>> straight ahead, your friday morning weather. and in sports some brotherly love as andy reid makes his return to philadelphia. aw this is tragic man, investors just like you could lose tens of thous
the national association of realtors said that's 13% higher than a year ago and the highest level in more than six years. the average price for a single-family home is now $212,000, 14% higher than a year ago. >>> falling mortgage rates could help push those sales. the average 30-year loan has fallen to 4.5% and more homeowners are making their mortgage payments on time. the credit reporting agency transunion says the late payment rate in 2009 was almost 4% but last year it improved to...
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64
Sep 19, 2013
09/13
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CSPAN
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eye 64
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you said you were a realtor. if i understand, a realtor's ,ob, you bring the customer in they are thinking about buying a home, you talk to them. , showok at the listings them the listings, maybe a photograph. yes, i have sold many homes. >> how about somebody that never walked into the home you sold? did they get to look at all the rooms? did you go in the basement? >> basements are a challenge for us. >> i understand. in michigan, we have basements. before a person buys a home, they get to walk in and go into each room, maybe test of the appliances, correct? >> yes. >> ok. >> if i can add, i wouldn't sell a person a home if they didn't know what they were bargaining for. that is one of the largest investments in their life. doing so is reckless and inappropriate. >> before they buy that documents. you tell them what they are getting and what they are not getting, right? >> as well as a number of disclosures. >> you would lead your customers read the contract before they signed? correct? or at least have their a
you said you were a realtor. if i understand, a realtor's ,ob, you bring the customer in they are thinking about buying a home, you talk to them. , showok at the listings them the listings, maybe a photograph. yes, i have sold many homes. >> how about somebody that never walked into the home you sold? did they get to look at all the rooms? did you go in the basement? >> basements are a challenge for us. >> i understand. in michigan, we have basements. before a person buys a...
87
87
Sep 19, 2013
09/13
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ALJAZAM
tv
eye 87
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. >> as for sardino and cano, they got a call from their realtor. they finally landed this new home. >> i guess i couldn't really feel the success of everything i have accomplished in my life until i was like okay open the doors this is my home, i own this. >> whether it is a starter or a luxury home people here are learning waiting can cost them. if they see a home they want, they better pounce before someone accommodation along with a better offer. >> coming up, dave warren is back with those storms over mexico. we appreciate you spending time with us tonight. >>> up next is the golden age of hollywood going golden but elsewhere. why l.a.'s mayor has declared a state of emergency for the entertainment industry there. next. hi, my name is jonathan betz, >> i'm meteorologist dave warren. new information from the national hurricane center has hurricane manuel over the gulf of california, intensified but only five miles an hour, not much movement, that means it's dumping a lot of rain over the same area, a big problem there. southern part of mexico po
. >> as for sardino and cano, they got a call from their realtor. they finally landed this new home. >> i guess i couldn't really feel the success of everything i have accomplished in my life until i was like okay open the doors this is my home, i own this. >> whether it is a starter or a luxury home people here are learning waiting can cost them. if they see a home they want, they better pounce before someone accommodation along with a better offer. >> coming up, dave...
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123
Sep 11, 2013
09/13
by
KTVU
tv
eye 123
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this unique idea though has its critics including the national association of realtors and a number of large banks. there are even some on the city council who worry using eminent domain in this way would cause credit to dry up here in richmond. ultimately hurting homeowners. >> as long as this city has the potential eminent domain, we're not going to get financial institutions willing to lend us any money. >> reporter: but richmond mayor gail says the city has to do something to slow foreclosures and she's been leading the charge to take over 600 mortgages. before the city tries to seize any of those properties there is a lot of legal issues that still have to be settled. several large banks have filed a lawsuit trying to block this controversial plan and a federal judge will hold a hearing on that suit tomorrow in san francisco. live this morning in richmond alex savidge ktvu channel 2 news. >>> there is good news from the fire lines this morning. firefighters now say that huge wild fire that started near clayton on sunday afternoon is 60% contained. and cal fire has lifted the evacu
this unique idea though has its critics including the national association of realtors and a number of large banks. there are even some on the city council who worry using eminent domain in this way would cause credit to dry up here in richmond. ultimately hurting homeowners. >> as long as this city has the potential eminent domain, we're not going to get financial institutions willing to lend us any money. >> reporter: but richmond mayor gail says the city has to do something to...
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Sep 8, 2013
09/13
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KPIX
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. >> the san francisco realtor john scott says if you like the open air space, you can own the air raids if you're willing to pay, which is apparently happening in the northwest. >> you are looking at a wall. i think it would really impact us tremendously. >> two of the seattle property owners love their neighbor's home for $600,000. then they dropped the price and sold for $500,000 just so they could legally keep the air rights to it and prevent any new owner from building up and blocking their view. >> it's doable if you know about it, but i think people are going to late. the view is gone. >> the reason they say they are building up in seattle is because i've got no more room to spread out. san francisco is certainly the same situation. >> here in san francisco the view and any expectation of one was an issue with one south tower. >> imagine if you paid a million and half for a condo only to find out later that there's a second tower going up right next door. >> and right in front of that spectacular view out your living room window. >> they had to warn them about the view would be re
. >> the san francisco realtor john scott says if you like the open air space, you can own the air raids if you're willing to pay, which is apparently happening in the northwest. >> you are looking at a wall. i think it would really impact us tremendously. >> two of the seattle property owners love their neighbor's home for $600,000. then they dropped the price and sold for $500,000 just so they could legally keep the air rights to it and prevent any new owner from building up...
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Sep 11, 2013
09/13
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KTVU
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this unique idea does have its critics including the national association of realtors and a number of large banks but richmond mayor gail who has been leading this charge to take over about 600 mortgages says this will hopefully keep people in their homes. the city has to do something to slow foreclosures. >> we are going to stand up to wall street and for our community. >> reporter: but there are some on the city council that worry using eminent domain in this way would cause credit to dry up in richmond. ultimately hurting homeowners. before the city tries to seize any of those under water properties, there are legal issues that have to be settled. several large banks have filed a lawsuit trying to block this plan. and a federal judge will hold a hearing on that suit tomorrow in san francisco. under this mortgage plan richmond would set up a coalition of cities interested in hoping to rescue struggling homeowners. the mayor believes there are a lot of other cities that would potentially follow suit. live in richmond alex savidge ktvu channel 2 news. >>> it's 6:44. we are going to go
this unique idea does have its critics including the national association of realtors and a number of large banks but richmond mayor gail who has been leading this charge to take over about 600 mortgages says this will hopefully keep people in their homes. the city has to do something to slow foreclosures. >> we are going to stand up to wall street and for our community. >> reporter: but there are some on the city council that worry using eminent domain in this way would cause...
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Sep 18, 2013
09/13
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KGO
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realtors say the level of and is tremendous. >> facebook c.e.o. mark zuckerberg will sit down with atlantic editor-in-chief for one-on-one interview. zuckerberg is in washington to meet with congressional leaders on immigration reform and other issues. he helped officially on the new high school in san francisco's portrero hill. zuckerberg is a big supporter of public schools. a few years ago he gave $100 million to new jersey schools. he went to private prep schools, remember, but he told kipp students to study hard because knowledge can be key to success. >> technology allows us to share our ideas and if you have a good idea it can become a reality quickly. >> if you are unfamiliar, kipp is a private organization that runs public schools with a rigorous college prep curriculum. a just the students are african-american or latino and 80 percent of the graduates go on to college. >> walgreens is making a major change to the health coverage of 100,000 employees. here is jane king with the bloomberg business report. >> good morning, walgreens is movi
realtors say the level of and is tremendous. >> facebook c.e.o. mark zuckerberg will sit down with atlantic editor-in-chief for one-on-one interview. zuckerberg is in washington to meet with congressional leaders on immigration reform and other issues. he helped officially on the new high school in san francisco's portrero hill. zuckerberg is a big supporter of public schools. a few years ago he gave $100 million to new jersey schools. he went to private prep schools, remember, but he...
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Sep 20, 2013
09/13
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KRCB
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he is part of a campaign, funded by the california association of realtors, to stop the plan. wright says lending institutions have no legal obligation to negotiate with homeowners, and he fears they will no longer want to do business in richmond. >> if a lender wants to renegotiate, that's between the lender and the borrower. it's not for a municipality such as the city of richmond to become an interloper into someone else's agreement, utilizing strong arm tactics such as eminent domain to force them to have to renegotiate an agreement. >> reporter: wright also believes homeowners, many of whom claim predatory lending forced them into bad mortgages, bear the burden of responsibility, not the banks. >> in my 34 years with the real estate business, at no point in time have i ever seen anyone strapped to a chair, burned with cigarettes, pistol whipped, forced to sign a loan agreement. >> reporter: while emotions are running high in richmond, there's an even bigger battle underway between the city, supporters of the city's plan, and wall street. >> do i believe that wall street i
he is part of a campaign, funded by the california association of realtors, to stop the plan. wright says lending institutions have no legal obligation to negotiate with homeowners, and he fears they will no longer want to do business in richmond. >> if a lender wants to renegotiate, that's between the lender and the borrower. it's not for a municipality such as the city of richmond to become an interloper into someone else's agreement, utilizing strong arm tactics such as eminent domain...
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Sep 8, 2013
09/13
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KBCW
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. >> reporter: san francisco realtor john scott said what is more, if you like the open airspace over your neighbor's property that allows you that panoramic view, you can own those air rights, too, if you're willing to pay. which apparently is happening in the northwest. >> we were looking at a wall over. there i think it would impact us tremendously. >> reporter: nina and george peterson are two of the seattle property owners who bought their neighbor's home for $600,000. then, they dropped the price and sold it for $500,000 just so they could legally keep the air rights to it and prevent any new owner from building up and blocking their view. >> it's terrible. terrible. if you know about it. but i think people discovered too late. the house is going up. the view is gone. >> the reason they say they're building up in seattle is because they have no more room to spread out. well, san francisco is the same situation. >> reporter: here in san francisco, the view and any expectation of one was an issue with one rincon south tower. imagine if you paid 1 million a half for a condo up ther
. >> reporter: san francisco realtor john scott said what is more, if you like the open airspace over your neighbor's property that allows you that panoramic view, you can own those air rights, too, if you're willing to pay. which apparently is happening in the northwest. >> we were looking at a wall over. there i think it would impact us tremendously. >> reporter: nina and george peterson are two of the seattle property owners who bought their neighbor's home for $600,000....
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Sep 14, 2013
09/13
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KQED
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there were problems getting realtors to show you homes that you could afford but they had decided you weren't going to live in that neighborhood. >> ifill: you talked to some folks in want southwest who talked about how we didn't cross the border. the border crossed us. talk about that. >> you know, people as prominent as the former senator and secretary of the interior, sanasar, people as well known as eva longoria, their families have been in the united states since long before there was a united states. there are land grant maps from the spanish going back to the 17th century that shows how its first big encounter in that part of the world between the spanish empire and the american indian nations of that part of the world was really a huge, huge struggle that shaped that area, but it was long settled by the time americans-- english-speaking americans-- started to arrival from back east and changed the political calculus in that part of the world. >> ifill: like other immigrants, african americans among them, hispanic americans were patriots. they fought for their country even when
there were problems getting realtors to show you homes that you could afford but they had decided you weren't going to live in that neighborhood. >> ifill: you talked to some folks in want southwest who talked about how we didn't cross the border. the border crossed us. talk about that. >> you know, people as prominent as the former senator and secretary of the interior, sanasar, people as well known as eva longoria, their families have been in the united states since long before...
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Sep 10, 2013
09/13
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CNBC
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what we've seen since january is the national association of realtors measure of affordability has been plummeting. this is a notoriously bad index, because even during the entire housing bubble, it never showed that houses were becoming unaffordable. it said they were less affordable but never breached what the nar says is the affordability level. what it did do and what it's done again, during the last housing bubble, it breached the long-term 20-year trade line. what you see on this chart right here is that we once again have fallen below for three or four months now, the long-term trend line. that's a sign that we may be in a housing bubble. home prices are becoming less affordable because interest rates are going up and home prices are going up. and people's incomes are not rising at that kind of level. so that makes homes less affordable. when you get a lot of months of below trend affordability that's a danger. >> does the crossing of that trend line and the fact that the affordability number is coming down, does that tell you that prices must come down or that prices will stop g
what we've seen since january is the national association of realtors measure of affordability has been plummeting. this is a notoriously bad index, because even during the entire housing bubble, it never showed that houses were becoming unaffordable. it said they were less affordable but never breached what the nar says is the affordability level. what it did do and what it's done again, during the last housing bubble, it breached the long-term 20-year trade line. what you see on this chart...
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Sep 13, 2013
09/13
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. >>> business is booming for realtors in the bay area especially in cities like palo alto where wealthy foreign buyers are snatching up hot properties. >> oh, to be a seller down there right now. kpix 5's len ramirez explains how their high-end house hunting experience comes complete with a luxury limo service. >>> reporter: when it comes to selling real estate in palo alto -- [ non-english language ] >> reporter: -- it now pays to speak chinese. from shanghai to hong kong interest in palo alto's priciest neighborhoods is soaring and that has real estate brokers doubling down on new ways to capitalize. at deleon realty it's all aboard what could be a master marketing stroke mercedes-benz style. >> we are riding in a new limo bus. >> reporter: they invested $100,000 into the luxury bus specifically to drive around and show properties to wealthy foreigners four and five families at a time. >> people who are used to the finer things in life are not going to want to go out in a chief refurbished school bus. >> reporter: they take reservations for weekend selling excursions to weekend neighb
. >>> business is booming for realtors in the bay area especially in cities like palo alto where wealthy foreign buyers are snatching up hot properties. >> oh, to be a seller down there right now. kpix 5's len ramirez explains how their high-end house hunting experience comes complete with a luxury limo service. >>> reporter: when it comes to selling real estate in palo alto -- [ non-english language ] >> reporter: -- it now pays to speak chinese. from shanghai to...
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Sep 19, 2013
09/13
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FBC
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what to make of that when the biggest realtors in the country. connell: we will get to that coming up and warren buffett's tom mann of the industry talking about a continued recovery in housing. it is straight ahead on markets now. don't go away. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ connell: one of the big economic data points, home sales, 6.5 year high, the new number that came out, august number jumping 2%, look at it month over month, the housing market by that measure shows signs of recovery. the chairman and ceo of home services of america, a division of berkshire hathaway. is this a sign of the we're pulling out in the context of the conversations that the federal reserve yesterday and everything else saying the economy is improving and housing getting better? >> it clearly is. we are
what to make of that when the biggest realtors in the country. connell: we will get to that coming up and warren buffett's tom mann of the industry talking about a continued recovery in housing. it is straight ahead on markets now. don't go away. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of...
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Sep 1, 2013
09/13
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FOXNEWSW
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started certifying realtors in distressed sales. you want to look for a realtor certified in distressed sales. >> sounds like a lot of inventory. my wife and i are looking for a home for over a year. so few homes for us. when we do make an offer a cash buyer or investing sweeps in and gets the house. do you have any suggestion what they can do there? somebody has a boatload of cash they can blow you out of the water. >> inventory is down by over 16% from last year. the good news inventory moving up, normal six months, a little over five months of inventory. so folks who are looking for a home need to go where the investors are not. investors don't like a lot of work. so if you can do some work on a home, that's a great opportunity. investors don't put a lot of elbow grease into expired listings. sometimes folks had their home listed a year ago, prices too high but values up now. there's a good opportunity. don't hesitate to take advantage of the opportunity. >> sometimes you can beat house flippers. >>> here is another one for you.
started certifying realtors in distressed sales. you want to look for a realtor certified in distressed sales. >> sounds like a lot of inventory. my wife and i are looking for a home for over a year. so few homes for us. when we do make an offer a cash buyer or investing sweeps in and gets the house. do you have any suggestion what they can do there? somebody has a boatload of cash they can blow you out of the water. >> inventory is down by over 16% from last year. the good news...
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Sep 26, 2013
09/13
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CNBC
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the realtors are still expecting for an 11% increase in total sales for 2013 but they're saying they do not expect home sales to move at all in 2014. back to you, simon. >> thank you very much, diana. in the meantime, we're just four days away from a potential government shutdown. speaker of the house john boehner is about to give us his analysis of what will happen in the house. let's bring in our own john harwood. what are we expecting boehner to say? >> what we're expecting, simon, is he's going to come out from a meeting with republican members and talk about what the republicans are going to ask of democrats and the obama administration in return for raising the debt limit. remember the house has already passed a bill to extend government funding. they included the defund obama care provision, said it's going to strip that out. it appears that republicans, though they may add another condition to that bill, are mostly moving their attention to the debt limit, which treasury secretary lew told us yesterday we would hit on october the 17th. so the debt limit has to be increased by
the realtors are still expecting for an 11% increase in total sales for 2013 but they're saying they do not expect home sales to move at all in 2014. back to you, simon. >> thank you very much, diana. in the meantime, we're just four days away from a potential government shutdown. speaker of the house john boehner is about to give us his analysis of what will happen in the house. let's bring in our own john harwood. what are we expecting boehner to say? >> what we're expecting,...
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Sep 23, 2013
09/13
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CSPAN2
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you said you were a realtor, correct? if i understand the realtor's job, you bring the customer and that is thinking of buying a home, find out what kind of home they want, look at the listings, show them the listing may be a photograph, correct? you sold a home to somebody -- >> i sold many homes to the first-time home buyers. >> what about somebody that never walked into the home? did you get to look at all of the rooms? i think they are in slabs a lot of them. before a person buys a home and they get to walk in and go into each room and test the appliances -- >> if i could add i would never sell a home to someone that didn't know what they were bargaining for because frankly that is one of the single largest investments in their life, their personhood, their entire family and doing so is reckless and inappropriate. >> before they buy that home, you give them the documents -- you go over the purchase agreement and tell them what they are getting and what they are not getting, correct? >> that is absolutely correct as we
you said you were a realtor, correct? if i understand the realtor's job, you bring the customer and that is thinking of buying a home, find out what kind of home they want, look at the listings, show them the listing may be a photograph, correct? you sold a home to somebody -- >> i sold many homes to the first-time home buyers. >> what about somebody that never walked into the home? did you get to look at all of the rooms? i think they are in slabs a lot of them. before a person...